Affiliate marketing is on the rise, and you can increase your income greatly by creating your own affiliate program.
Here are 10 tips to help you create a successful affiliate program:
1. Recognize the partnership.
View your affiliate program as a partnership between you and your affiliates, make it your top priority to develop good relationships between you and your affiliate sales force.
2. Reply promptly.
Answer any questions your affiliates or visitors have about your affiliate program in a fast and friendly manner. Bear in mind that absolutely nothing will turn your affiliates or visitors off of your affiliate program faster than an unanswered e-mail. Your affiliates must understand that you take them and the effort they make to promote your service seriously. You should always reply with 24-48 hours.
3. Track all of your affiliates’ sales accurately and fairly.
Your affiliates ought to have the ability to make commissions on their referrals even if their recommendation returns months, or perhaps a year later on and purchases.
4. Save money and time by making your affiliate program as automated as possible.
Your affiliate program software application must permit you to instantly alert your affiliates by email whenever they’ve made a sale, or referred a new affiliate, if your affiliate program is two-tier. in addition, your software needs to reveal to your affiliates how many hits, sales, and commissions they’ve created in real time.
5. Make your affiliate program stand out.
Attract more affiliates by paying a high commission, providing a two-tier commission structure, paying commissions on repeat clients, or by providing your affiliates the opportunity to make residual commissions, if you provide a service that is paid for on a subscription basis.
6. Provide your affiliates plenty of resources that they can utilize to promote your items.
This could include your own marketing courses that your affiliates can distribute to their visitors or subscribers, ad copy that you’ve found has produced sales for you, ebooks that they can rebrand with their affiliate URL, or sample recommendations of your items.
7. Publish an affiliate only newsletter.
Publish a newsletter for your affiliates that gives them tips on how to most profitably promote your products, tells them of any promotions or sales you have running, and which advises them of the resources you’ve provided for them to promote your items.
8. Pay top selling affiliates more.
Increase your leading affiliates productivity by paying them a greater commission for their referrals based upon their efficiency, and by providing unique acknowledgment on your website or in your affiliate newsletter.
Giving your affiliates unique acknowledgment in your newsletter can also serve to teach your newer affiliates how to successfully promote your products, as well as reveal them by example that the tools you’ve given them do work efficiently.
9. If you write short articles, let your affiliates publish them in their ezines or on their sites with their affiliate URL in your resource box.
This can be an outstanding method for your affiliates to earn commissions promoting your items through your resource box while also developing reliability for you and your organisation.
10. Create a subscriber list.
To increase the number of affiliates that consistently use your short articles to promote your products, create a subscriber list (in addition to your affiliate newsletter) that your affiliates can subscribe to that tells them when you’ve written new posts that they can use to promote your services.
The pic above links to an affiliate website, and we will receive an affiliate commission for any purchases made by you on the affiliate website using this link.